What Drives China's Growing Role in Africa?
In: IMF Working Papers, S. 1-30
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In: IMF Working Papers, S. 1-30
SSRN
In: IMF Working Paper, S. 1-26
SSRN
In: Journal of international economics, Band 29, Heft 3-4, S. 255-271
ISSN: 0022-1996
In: World economic and financial surveys
World Affairs Online
In: NBER Working Paper No. w2958
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In: IMF Working Papers
This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of policies. The paper draws the main lessons from the CMA experience, identifies key policy challenges, and discusses the issues facing the member countries in their efforts to achieve sustained growth. Implications for further economic integration in a broader regional context are also noted
In: IMF working paper, 94,115
World Affairs Online
In: IMF Working Papers, S. 1-63
SSRN
In: World economic and financial surveys
World Affairs Online
In: IMF Working Papers, S. 1-37
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In: IMF Working Papers
This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights several structural characteristics of São Tomé and Príncipe including its very small size, high degree of openness, extensive use of foreign currencies, and inflexible product and factor markets in the consideration of an appropriate monetary and exchange regime. Firmly anchored currency arrangements, defined in this paper to include memberships in monetary unions or hard pegs, are foun